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Credito Emiliano SpA (EMBI.MI)

EMBI.MI on Milan Stock Exchange

6.41EUR
28 Apr 2017
Change (% chg)

€0.01 (+0.16%)
Prev Close
€6.40
Open
€6.33
Day's High
€6.44
Day's Low
€6.33
Volume
172,948
Avg. Vol
174,986
52-wk High
€6.64
52-wk Low
€4.63

Latest Key Developments (Source: Significant Developments)

Credito Emiliano 2016 dividend stable versus 2015 - slide
Thursday, 9 Feb 2017 04:41am EST 

Italy's Credito Emiliano: dividend payout over 2016 results stable versus 2015 - slide Further company coverage: [EMBI.MI] (Reporting by Milan newsroom).  Full Article

Credem 2016 net profit down 21 pct on rescue fund contributions
Wednesday, 8 Feb 2017 12:45pm EST 

Credito Emiliano says: Phased-in CET1 ratio at end-2016 at 13.15 percent, fully phased at 11.9 pct . 2016 net profit 132 mln euros, down from 166 mln euros in 2015 hit by contributions to banking rescue funds . Net interest income up 4 pct y-o-y, services income down 5.5 pct y-o-y . Loan writedowns fell 35.2 percent y-o-y to 74 mln euros . Paid 37 mln euro gross contribution to national resolution fund and deposit guarantee fund . Invested 40 mln euros in information technologies . Direct funding from clients up 10 pct year-on-year . Client loans up 4.6 pct year-on-year Further company coverage: [EMBI.MI] (Reporting by Milan Newsroom).  Full Article

Credem says ECB lowered capital requirement to 6.75 pct
Monday, 12 Dec 2016 06:19am EST 

Credito Emiliano says: It received on Monday the ECB's final SREP decision lowering the bank-specific minimum capital requirement to 6.75 percent for 2017 from 7 percent . That compares with a CET1 ratio of 13.51 percent at end-September for the group Further company coverage: [EMBI.MI] (Reporting by Milan Newsroom).  Full Article

Credem says does not see significant value in M&A at present
Friday, 5 Aug 2016 04:55am EDT 

Credito Emiliano top executive tells analyst call: Willing to assess opportunities but does not believe that M&A could significantly increase value for bank's shareholders Further company coverage: [EMBI.MI] (Reporting by Milan Newsroom).  Full Article

Credem says H1 net falls on lower trading profit, fees
Thursday, 4 Aug 2016 02:28pm EDT 

Credito Emiliano says: First-half net profit at 70 million euros, down 41 percent from previous year when result was helped by one-off gain from government bond sale . First-half interest income up 5 percent year-on-year, trading profit down 8 percent, net fees down 9 percent . Loan writedowns 31.5 million euros in the period, down 51 percent from H1 2015 . Fully-phased CET1 ratio 13.4 percent at end-June . Bad loan coverage ratio 61 percent Further company coverage: [EMBI.MI] (Reporting by Milan Newsroom).  Full Article

Credem Q1 net profit falls to EUR 46.6 mln
Thursday, 12 May 2016 12:01pm EDT 

Credito Emiliano SpA : Q1 operating income 288.7 million euros ($328.34 million) versus 402.4 million euros a year ago .Q1 net profit 46.6 million euros versus 84.0 million euros a year ago.  Full Article

Moody’s affirms ratings of Credito Emiliano SpA
Monday, 22 Jun 2015 08:00pm EDT 

Credito Emiliano SpA:Says Moody’s affirms long and short term deposit ratings of ba2/not-prime.The outlook changes to stable from negative.  Full Article

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BRIEF-Credem says to pay 2016 dividend of 0.15 euros/shr

* to pay dividend over 2016 results of 0.15 euros per share Further company coverage: (Reporting by Milan newsroom)